For each of the following state whether this item would be included in the Unite

ID: 1154334 • Letter: F

Question

For each of the following state whether this item would be included in the United States GDP in 2018 or not. Simply answering Yes or No will suffice.

An air conditioner produced by an Indiana company in Mexico.

A car produced by a Japanese company at a plant in Michigan.

Marijuana grown and sold in Colorado (where marijuana is legal).

Marijuana grown and sold in Alabama (where marijuana is illegal).

The profit earned on the buying then selling of a US company stock.

The fees paid to a real estate agent on the sale of a house built in 2000.

The sale of a 2005 Ford F150.

Fruit produced in Central America sold and eaten in the US.

Child care at a private day care facility.

Child care by a stay at home dad.

Steel produced by a US mill sold to Chevy to produce a car in the United States.

a) Anything produced in Mexico or outside the national boundary will not be included in the national GDP.

b) Yes, as the car is produced within the national boundary.

c) Yes, as Marijuana is legal it will be included.

d) No, illegal production of goods is not part of the GDP.

e) NO, selling of stock is not accounted in GDP.

f) Yes, the fee paid to the agent will be part of the GDP.

g) No, selling old cars do not form part of GDP.

h) No, imports are not part of the GDP.

i) Yes, private daycare services will be part of GDP.

j) NO, services that are not paid are not part of the GDP.

k) NO, steel will form the part of the Chevy and will be considered intermediate good.

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